Welcome to our dedicated page for Chicken Soup for the Soul Entertainment news (Ticker: CSSE), a resource for investors and traders seeking the latest updates and insights on Chicken Soup for the Soul Entertainment stock.
Chicken Soup for the Soul Entertainment, Inc. (CSSE) is dedicated to sharing stories that highlight the best of the human spirit through a variety of entertaining video formats. As a forward-thinking media company, CSSE focuses on expanding its content offerings and distribution to emerging platforms, aiming to inspire and uplift its audience.
The company is a prominent provider of premium content to value-conscious consumers. It stands as one of the largest ad-supported video-on-demand (AVOD) companies in the United States, operating three flagship services: Redbox, Crackle, and Chicken Soup for the Soul. Additionally, CSSE operates Redbox Free Live TV, a free ad-supported streaming television service (FAST) featuring nearly 180 channels, and offers a transaction video on demand (TVOD) service.
CSSE also boasts a robust physical presence with a network of approximately 29,000 kiosks across the US, providing DVD rental services. Committed to delivering original and exclusive content, the company creates, acquires, and distributes films and TV series through its Screen Media and Chicken Soup for the Soul TV Group subsidiaries.
In recent developments, CSSE continues to enhance its content library and distribution channels, ensuring a diverse range of uplifting, positive stories reach a broad audience. The company's financial health remains solid, supported by strategic partnerships and continuous innovation in content delivery.
Chicken Soup for the Soul Entertainment (CSSE) has acquired a majority stake in Locomotive Global Inc., enhancing its footprint in India’s media market. Led by industry veterans, Locomotive is producing original content for platforms like Netflix and Amazon Prime. This acquisition aligns with CSSE's international expansion strategy, leveraging Locomotive's existing cash flow and market presence. The move aims to capitalize on the growing demand for quality content in India, where production costs are lower than in Western markets, positioning CSSE for significant growth in the AVOD sector.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE, CSSEP, CSSEN) announced a regular monthly dividend of $0.2031 per share for its 9.75% Series A Cumulative Redeemable Perpetual Preferred Stock. This dividend will be payable on November 15, 2021 to shareholders of record as of October 31, 2021. The company operates various streaming AVOD networks and continues to expand its content offerings, enhancing its position in the entertainment sector.
On October 14, 2021, Chicken Soup for the Soul Entertainment (CSSE) announced that its subsidiary, Screen Media, has acquired all North American rights to the crime thriller film La Soga Salvation. The film premiered at the 2021 Toronto International Film Festival and is directed by Manny Perez, who also stars in the lead role. The acquisition positions Screen Media to release the film in early 2022, further expanding its portfolio of engaging content. This strategic move highlights the company's commitment to developing original films that appeal to diverse audiences.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has appointed Vikram Somaya to its board of directors as of October 7, 2021. Somaya, currently the Chief Data and Analytics Officer at PepsiCo, brings extensive expertise in data analytics, consumer behavior, and digital media. His previous roles include leadership positions at Nielsen, ESPN, The Weather Company, and Thomson Reuters. The company anticipates that Somaya's insights will enhance its competitive advantage within the AVOD sector.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announced the exclusive premiere of the award-winning documentary The Green Wave on Crackle, scheduled for October 21, 2021. Directed by Emmy award-winner Guido Verweyen, the film chronicles the story of Summerville High School basketball coach Louis Mulkey, who was killed in the line of duty. Mulkey's dedication to his students lives on through their successes, including NFL star A.J. Green. The documentary honors his legacy and enriches Crackle's programming, which focuses on uplifting content.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced exciting new content for Crackle in October, expanding its streaming offerings across multiple platforms. The company operates Crackle, Popcornflix, and other networks, planning to extend distribution from 50 to over 64 touch points including major streaming devices. Highlights include new AVOD originals like Vince Carter: Legacy and The Green Wave, plus exclusive films such as Bokeh and Cold Light of Day. Engaging channels like FALL-ing in Love and 31 Nights of Fright will debut in October.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) has announced the acquisition of North American rights to the documentary Brian Wilson: Long Promised Road from Ley Line Entertainment. The film, which features interviews with stars like Bruce Springsteen and Elton John, premiered at the 2021 Tribeca Film Festival and is set for theatrical and VOD release in November. The documentary highlights Brian Wilson's life and music, with original songs and insightful commentary from friends and collaborators.
Chicken Soup for the Soul Entertainment (Nasdaq: CSSE) announces the release of a new Crackle original documentary, Vince Carter: Legacy, available for free on October 1, 2021. This documentary features interviews with NBA legends such as Julius 'Dr. J' Erving and Charles Barkley, exploring Vince Carter's historic 22-season career in the NBA.
It includes never-before-seen footage and aims to inspire upcoming basketball players. The documentary is part of Crackle's expanding sports programming lineup.
On September 23, 2021, Chicken Soup for the Soul Entertainment announced Screen Media's acquisition of all North American rights to the film Black Friday, set to premiere at Fantastic Fest. The movie, directed by Casey Tebo and featuring stars like Bruce Campbell and Devon Sawa, portrays a group of toy store employees fighting alien-infected shoppers. Scheduled for a day-and-date release in November, the film aims to entertain audiences with a mix of horror and holiday themes. The acquisition aligns with Screen Media's strategy to bolster its content offerings.
Smart Home Nation premieres on FYI on September 20, 2021, as a new series from Chicken Soup for the Soul Entertainment (Nasdaq: CSSE). The series showcases ten episodes featuring advanced smart home technology. Acquired by Screen Media, the series is set to air on the Chicken Soup for the Soul AVOD network later this year. Hosted by Tanya Memme, the show aims to highlight innovations enhancing home efficiency and sustainability. Efran Films will handle worldwide distribution rights, excluding Canada, with an anticipation of reaching global audiences.
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